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Aug 08 - 03:48 AM
EUR/USD - Bulls Path Seems To Be Blocked By The Daily Cloud
First appeared on eFXplus on Aug 08 - 02:35 AM
  • EUR/USD broke but failed, on Tuesday and Wednesday, to close 1.1220 Fibo
  • 1.1220 is a 50% retrace of the 1.1412 to 1.1027 (June to August) drop
  • Daily doji candles on Tues and Wed reinforces continued indecision
  • A doji candle is where the market closes near where it opens
  • Daily cloud, 1.1259-1.1302 region, is a huge obstacle to bulls
  • EUR/USD traders don't know where to turn . Insure

EUR/USD Trader:

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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